Abercrombie & Fitch Company Stock Forecast
Abercrombie & Fitch Company stock price up 3.09% on Friday
(Updated on May 03, 2024)
The Abercrombie & Fitch Company stock price gained 3.09% on the last trading day (Friday, 3rd May 2024), rising from $124.90 to $128.76. During the last trading day the stock fluctuated 2.28% from a day low at $126.29 to a day high of $129.18. The price has risen in 7 of the last 10 days and is up by 16.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 369 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $150.09 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Abercrombie & Fitch Company stock with a 90% probability to be traded between $111.23 and $143.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ANF Signals & Forecast
Mostly positive signals in the chart today. The Abercrombie & Fitch Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $122.64 and $122.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 17.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Abercrombie & Fitch Company stock
Abercrombie & Fitch Company finds support from accumulated volume at $127.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.89 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: $124.02 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ANF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Abercrombie & Fitch Company to open at $128.08, and during the day (based on 14 day Average True Range), to move between $123.32 and $134.20, which gives a possible trading interval of +/-$5.44 (+/-4.23%) up or down from last closing price. If Abercrombie & Fitch Company takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $127.78 (0.76%) than the resistance at $134.99 (4.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Abercrombie & Fitch Company stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Abercrombie & Fitch Company stock to perform well in the short-term period.
Current score: 3.131 Buy Candidate Unchanged
Predicted Opening Price for Abercrombie & Fitch Company of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $128.08 ( 0.532%) | $128.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.96 | 1.71 % | |
| R2 | 129.86 | 0.85 % | ||
| R1 | 129.18 | 0.324 % | ||
| Current price: | 128.76 | |||
| Support | S1 | 126.97 | -1.39 % | |
| S2 | 126.29 | -1.92 % | ||
| S3 | 125.19 | -2.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 139.95 | 8.69 % | |
| R2 | 137.30 | 6.63 % | ||
| R1 | 134.99 | 4.84 % | ||
| Current price | 128.76 | |||
| Support | S1 | 127.78 | -0.761% | |
| S2 | 121.17 | -5.89% | ||
| S3 | 118.64 | -7.86% |
ANF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 24, 2020 | Mar 05, 2020 | Mar 16, 2020 | $0.200 | 2.04% |
| 2 | Nov 14, 2019 | Dec 05, 2019 | Dec 16, 2019 | $0.200 | 1.19% |
| 3 | Aug 23, 2019 | Sep 05, 2019 | Sep 16, 2019 | $0.200 | 1.24% |
| 4 | May 23, 2019 | Jun 06, 2019 | Jun 17, 2019 | $0.200 | 1.25% |
| 5 | Feb 25, 2019 | Mar 07, 2019 | Mar 18, 2019 | $0.200 | 0.761% |
FAQ
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